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The current liability for the estimated losses associated with those lawsuits is not material to our consolidated financial condition and those estimated losses are not expected to have a material impact on our results of operations.
+Added: On July 14, 2020, the Company filed a lawsuit for damages and declaratory relief in state court in New York relating to a transfer fee of $50 million that was assessed by the Indiana Gaming Commission upon the Company’s purchase of Hoosier Park Racino and Casino in 2017 from Centaur Holdings, LLC.
+Added: Contemporaneous with the filing of the lawsuit, the Company notified Centaur that it was withholding payment of $50 million from Centaur Holdings that was otherwise due as a portion of a deferred payment for the purchase from Centaur.
+Added: In the lawsuit, the Company seeks a declaration from the Court that the Sellers are required to indemnify Caesars for its losses arising out of or relating to payment of the transfer fee and that the Company is entitled to offset the $50 million transfer fee against payments otherwise due to Centaur.
Legal matters are discussed in greater detail in “Part I, Item 3.
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• projections of future results of operations or financial condition;
−Removed: • our ability to consummate the disposition of MontBleu, Eldorado Shreveport and certain of our other properties, including required divestitures of certain properties located in Indiana;
+Added: • our ability to consummate the acquisition of William Hill and the disposition of MontBleu, Eldorado Shreveport and certain of our other properties, including required divestitures of certain properties located in Indiana;
• expectations regarding our business and results of operations of our existing casino properties and prospects for future development;
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• our intention to pursue development opportunities, including the development of a mixed-use entertainment and hospitality destination expected to be located on unused land adjacent to the Pompano casino and racetrack, and additional acquisitions and divestitures;
−Removed: • our ability to realize the anticipated benefits of the acquisition of Caesars and future development and acquisition opportunities;
+Added: • our ability to realize the anticipated benefits of the acquisition of Former Caesars, William Hill and future development and acquisition opportunities;
• the impact of regulation on our business and our ability to receive and maintain necessary approvals for our existing properties and future projects and operation of online sportsbook, poker and gaming
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Forward-looking statements speak only as of the date they are made, and we assume no duty to update forward-looking statements.
−Removed: Forward-looking statements should not be regarded as a representation by us or any other person that the forward-looking statements will be
+Added: Forward-looking statements should not be regarded as a representation by us or any other person that the forward-looking statements will be achieved.
Undue reliance should not be placed on any forward-looking statements.
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• the extent and duration of the impact of the global COVID-19 public health emergency on the Company’s business, financial results and liquidity;
−Removed: • the duration of closure of our properties, which we cannot predict at this time;
• the impact and cost of new operating procedures expected to be implemented upon re-opening of the Company’s casinos;
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• restrictions and limitations in agreements governing our debt and leased properties could significantly affect our ability to operate our business and our liquidity;
−Removed: • risks relating to payment of a significant portion of our cash flow as debt service and rent under the GLPI Master Lease;
+Added: • risks relating to payment of a significant portion of our cash flow as debt service and rent under the leases of our casino properties with VICI and GLPI;
• financial, operational, regulatory or other potential challenges that may arise as a result of leasing of a number of our properties;
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“Risk Factors” contained herein and our reports on Form 10-K, Form 10-Q and Form 8-K filed with the Securities and Exchange Commission.
+Added: In addition, the acquisition of William Hill and the disposition of Eldorado Shreveport, MontBleu, Harrah’s Louisiana Downs and certain of our other properties, including required divestitures of certain properties located in Indiana, create additional risks, uncertainties and other important factors, including but not limited to:
+Added: • the possibility that the proposed transactions are not consummated when expected or at all because required regulatory or other approvals are not received or other conditions to the consummation thereof are not satisfied on a timely basis or at all;
+Added: • the possibility that one or more of such transactions do not close on the terms described herein or that we are required to modify aspects of one or more of such transactions to obtain, or otherwise take action to satisfy conditions imposed in connection with, required regulatory approvals;
+Added: • the possibility that the Company will be required to pay a break fee under certain circumstances if the proposed William Hill acquisition is not consummated;
+Added: • risks associated with increased leverage as a result of the proposed acquisition of William Hill;
+Added: • the possibility that the anticipated benefits of the proposed transactions are not realized when expected or at all;
+Added: • the incurrence of significant transaction and acquisition-related costs and the possibility that the transactions may be more expensive to complete than expected;
+Added: • competitive responses to the proposed transactions;
+Added: • legislative, regulatory and economic developments;
+Added: • the possibility that our business or William Hill’s business may suffer as a result of the announcement of the acquisition;
+Added: • the ability to retain certain of our key employees and William Hills’ key employees;
+Added: • the outcome of legal proceedings that may be instituted as a result of the proposed transactions;
+Added: • the impact of the proposed transactions, or the failure to consummate the proposed transactions, on our stock price;
+Added: • diversion of management’s attention from our ongoing operations;
+Added: • the impact of the announcement or consummation of the proposed transactions on the Company’s relationships with third parties, which may make it more difficult to maintain business relationships.
In light of these and other risks, uncertainties and assumptions, the forward-looking events discussed in this report might not occur.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.